iStock/Thinkstock(NEW YORK) — Wall Street closed higher Tuesday despite oil prices falling on reports that oil producers may not reach a deal to curb output.
The Dow gained 23.70 (+0.12 percent) to finish at 19,121.60.
The Nasdaq climbed 11.11 (+0.21 percent) to close at 5,379.92, while the S&P 500 finished at 2,204.66, up 2.94 (+0.13 percent) from its open.
Oil: Crude oil tumbled nearly 4 percent with prices hitting about $45 a barrel ahead of the Organization of the Petroleum Exporting Countries meeting in Vienna on Wednesday. There are reports that some OPEC producers are struggling to resolve differences and come to an agreement on cutting output.
Winners and Losers: Shares in Tiffany & Co. soared 3 percent by beating analysts’ expectations in revenue for the fiscal third-quarter. The luxury jewelry retailer reported a net earnings increase of $95 million (5 percent) from $91 million last year.
UnitedHealth Group’s stock jumped nearly 4 percent after keeping its guidance for 2016 and reporting that earnings are expected to grow in 2017. The health insurer attributed this to stable medical costs and pulling away from the Affordable Care Act.
Shares in Nivalis Therapeutics sunk 59 percent after the drug developer revealed its cystic fibrosis drug study failed.
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